XPDUSD
Palladium is setting up for a move higherBlue moving average is the 50 day.
Palladium miners will benefit from a continued rise in palladium prices.
The best ETF for palladium is PALL, but it's not very liquid and options on it are... not an option...
The palladium futures contract is about $220k at these prices, so it's probably the most volatile futures contract you could buy because of the size (palladium is a lot more volatile than any other futures contract with that notional value that I could think of).
I'll be on the hunt for palladium miners.
XPDUSD setting up for a run to the upsideXPDUSD setting up for a run to the upside. Watch price action, do not overleverage
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Palladium bullish scenarioAscending Triangle breakout is where I would take a long position with target of previous all time high.
NOT FINANCIAL ADVICE
Lovely little buy, But what's next...Caught a lovely little buy today from 2163, Looking to close around that resistance line of the possible wedge. I'll then be carefully watching to see whether it breaks out or acts a resistance and pulls back to bottom support. Either way, SL past entry..Time to just not let those emotions get in the way, Hold onto some winners and go for a walk. For now B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction certainty. Please do your own analysis and use the correct risk management. PS Dont bet the house.
XPD USD BUY (PALLADIUM - US DOLLAR)Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Palladium looks like it could squeeze against silverI am long BOTH Silver and Palladium, but Palladium may outperform silver if it squeezes higher out of that consolidation.
Notice palladium recently broke out of a very tight triangle
The best way to buy palladium if not the futures contract is through the ETF, PALL
ridethepig | Palladium Market Commentary 2020.06.15Here the consolidation is condemned to break for the common good, as a diversionary sacrifice. Covid cases will act as the catalyst undoubtedly. The question is only and above all when?
For those tracking the breakout momentum is much more on the buyers side, clearly defined jurisdictions are on both sides of the map... As a quick cheatsheet: Strong Support (1635) <=> Soft Support (1750) <=> Soft Resistance (2300) <=> Strong Resistance (2800).
neutral on palladium palladium is ranging, no bull order power no sharp down spike , so no trade yet
Palladium's missile is ready for deployment to tag all-time highThis is a hot trading opportunity as price could retest the all time high.
+45% from the current level
PALLADIUM Falling Wedge IdeaPossible falling wedge on XPDUSD
Included a critical point which is adjacent to Fibonacci spiral
Buy on breakout of wedge at critical point or earlier.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline .
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
Palladium (XPDUSD): The end of its parabolic rise.Palladium has been rising non-stop for 4 years (since January 2016), a rise that after 2019 turned parabolic. This parabola has broken down this March as the pull back exceeded the 0.382 Fibonacci level that has been holding in the previous two cyclical pull backs (August 2018 and May 2019).
The 1W chart is on a neutral state (RSI = 53.141, MACD = 105.160, ADX = 39.528) as it has recovered 50% of the March sell-off, however the danger is far from over. Until the 2,900 High breaks, Palladium (XPDUSD) will most likely remain under selling pressure and the Higher Low trend line (red line) which has been supporting the 4 year uptrend may be tested. This test involves the 1W MA200 (orange line) both of which (HL trend line and MA200) can 'meet' on the 0.618 Fibonacci retracement (of the whole 4 year move). This (0.618 Fib) is at 1,390. If that breaks to then the next Support and potential sell target will be on the 0.786 Fib at 980 where Palladium can again start looking like a strong investment.
Keep in mind that we have been strong Palladium supporters for quite some time:
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XPDUSD | More DownsidePlease support this idea with LIKE if you find it useful.
Price was rejected by Resistance Node (50 MA, Ichi Cloud and the Resistance Trendline of the Descending Channel). It's more likely to continue the decline and retest the 200 MA
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
XPDUSD long entry point.XPDUSD long entry point. In my analysis, I indicated that Palladium is making a correction. The analysis closely followed the movement of the exchange rate. My assumption is that the correction is slowly over. Therefore, the palladium may turn north again from this level.
PALLADIUM maintaining bullish momentumPalladium has produced a bearish divergence, followed by a possible bullish divergence, yellow fib EMA has been a clear support for some time for this bull run, lets see if it holds again. Currently stuck in between a strong horizontal support.
XPDUSD (Palladium) before correction.XPDUSD (Palladium) before correction. In my analysis, the Palladium correction movement has begun. You can see that there are two types of analysis on the chart. 1. Fractal analysis, a 2: 1 fractal copy is starting to build up. 2. ATR-based analysis shows that palladium may turn south again at D1ATR50%. The target price is 2257.22usd
Palladium (PA1!) short.All description on the chart.
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XPDUSDbeen watching this for some time now i will expect another big rise soon once we have corrected pushing price out of that zone that is marked
you can buy in this zone but expect some pull backs within it!!
risk correctly
Palladium : Remember, You only have One Bullet...Hello !
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This is a one-try trade only.
XPDUSD 1W Chart :
Momentum seems to be slightly weakened, but the trend can be incredibly strong, misleading.
Our Risk / Reward ratio is 1/3
COT Position Status :
There are big reductions in positions here, but my opinion :
Short should only be considered for a permanence below Fibonacci 0.618.
And there is an incredibly forceful trend based on supply - demand.
This will continue violently in all directions for a while.
Parameters on Chart Presentation.
NOTE :
We definitely stop trading at these levels, including 2294 stop-loss.
For those who are at the computer: There may be under 2294 closings.
We definitely don't get stubborn under these places.
Best regards.
Palladium: buying at consolidation target level.The price goes down after breaking through the consolidation. You might consider buying at the consolidation target level of 2180.
To save money on swaps, it makes sense to consider buying an ETF PALL instead of trading spot or CFD.
